Sungrow Signs 650 MW Strategic Cooperation Agreement with Avaada

PVTIME – Sungrow, the global leading
inverter solution supplier for renewables, signed a 650 MW strategic
agreement with Avaada Energy to supply 1500V inverter solutions for its
upcoming PV projects in 2020, demonstrating the Company's continued
efforts on minimize LCOE for solar projects in India. 

Avaada Energy, one of the leading Independent Power Producers (IPP) in India,
has commissioned over 2 GW of renewable assets and is targeting to expand to 11
GW by 2025.

Sungrow will provide its 1500V 3.125 MW central inverter
solution for the upcoming PV projects under this agreement. Developed for
large-scale 1500V flat ground plants, the solution features a high DC/AC
ratio of over 1.4 and the flexible 6.25 MW or 12.5 MW
block design, which can minimize the system cost and be widely utilized in
India. Notably, as one of the key players of 1500V technology, Sungrow has over
10 GW of 1500V inverter solutions installed across the globe.

"We value Sungrow's proven performance record worldwide and are
delighted to partner with Sungrow to supply numerous landmark
projects in India. Sungrow's 1500V turnkey solution perfectly match our
demand when we take a holistic comparison regarding the 650 MW projects.
Furthermore, the comprehensive local team of Sungrow is paramount to
support our business in India," said Mr. Vineet Mittal, Chairman
of Avaada Group.

"Sungrow has been deeply involved in the Indian market for more than
five years, including opening its first international factory in India. With
high-quality products and superior services, Sungrow has won continued trust of
its customers," said Mr. Hu Yukun, Country Manager of Sungrow

"In the future, Sungrow will
keep strengthening technological innovation, providing more
advanced products and solutions for global customers as well as in India, and
accelerate its step to fulfill its mission 'Clean power for
all' in the era of PV parity," he added.